They might have been "buying" a home with a long-term mortgage, and by the 1980's you were seeing the rise of individual credit card debt as a way to finance a previously unobtainable lifestyle. The 1980's saw the first "cash back" card and rewards cards followed, along with a culture of assuming debt to consume.

What you saw in the 1980's ended much like it did in 2008, it wasn't sustainable and it went bust just as it would over and over and over since. BUT people want more, they want to pay less for it, and many more people want that. If you're a politician you don't win by fighting against that, you swim with the currents and find scapegoats to blame instead.

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bluefirebrand 9 hours ago | parent [-]

> They might have been "buying" a home with a long-term mortgage

Oh thanks for reminding me, people used to buy houses on 20 year mortgages now to make them remotely affordable they have to be 30-year mortgages

Good catch!

	▲	EA-3167 9 hours ago \| parent [-]
		I take it from the shift in tone that you understood my point, although you don't particularly care to discuss it. I get it, no one ever wants to hear that biggest changes have been: More people More money More people with more money More competition for something previously limited to far fewer people historically Costs rise Expectations rise Debt rises And now if you've been keeping track we're at the "people who can't afford delivery finance their Doordash with a short-term loan" stage of the game.